Stora Enso

No quick fixes

  • Sectors : Paper & Packaging
  • Companies : Stora Enso

Ratings and price correct at time of issue.

  • Stora Enso

    Closing Price: 1117c

  • RATING 24/07/23

  • PREVIOUS RATING 10/05/23



With Q4 2023 results on February 1st, Stora Enso cautioned on weak 2024E (1) packaging and (2) wood product demand. Our updated Stora Enso €0.5bn 2024E operational EBIT sits 10% below Vara consensus. While welcoming Stora Enso’s new €80m cost saving programme, with elevated leverage and no quick fixes to dramatically improve profits or reduce leverage, we reaffirm our ‘Neutral’ view with a reduced €12.50 price target (PT).

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Feb 20 2024, 07:00 GMT